How affordable is purpose-built off-campus housing? A new study from NMHC and Axiometrics measures the costs of on-campus and off-campus housing options—and the premiums associated with certain features.

Two21 Armstrong, a 390-bed property, is located just two blocks from Auburn University. Livingston Hessam, Jeremy Pino and Kyle Miller, along with HUD experts Keith Melton and David Strange, arranged the loan.